Extreme
Hedge fund that got wrecked by the GameStop stock surge to close
In 2021, a remarkable financial story emerged from r/wallstreetbets—one that saw the subreddit's stonk memes eventually turning into the GameStop stock surge. It was such a spike, and caused such huge losses for some, that the event has been the subject of Congressional hearings. Now, one of the hedge funds most impacted by GameStop's surge in value has told its investors it's shutting down.